Nordstrom 2015 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 2015 Nordstrom annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 77

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77

Nordstrom, Inc.
Consolidated Statements of Earnings
In millions except per share amounts
Fiscal year 2015 2014 2013
Net sales $14,095 $13,110 $12,166
Credit card revenues, net 342 396 374
Total revenues 14,437 13,506 12,540
Cost of sales and related buying and occupancy costs (9,168)(8,406)(7,737)
Selling, general and administrative expenses (4,168)(3,777)(3,453)
Earnings before interest and income taxes 1,101 1,323 1,350
Interest expense, net (125)(138)(161)
Earnings before income taxes 976 1,185 1,189
Income tax expense (376)(465)(455)
Net earnings $600 $720 $734
Earnings per share:
Basic $3.22 $3.79 $3.77
Diluted $3.15 $3.72 $3.71
Weighted-average shares outstanding:
Basic 186.3 190.0 194.5
Diluted 190.1 193.6 197.7
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.
Nordstrom, Inc.
Consolidated Statements of Comprehensive Earnings
In millions
Fiscal year 2015 2014 2013
Net earnings $600 $720 $734
Postretirement plan adjustments, net of tax of ($15), $7 and ($6) 24 (11)10
Foreign currency translation adjustment (18)(14)(2)
Comprehensive net earnings $606 $695 $742
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.
Table of Contents
Nordstrom, Inc. and subsidiaries 37